Boomerang

  • by Michael Lewis
  • Narrated by Dylan Baker
  • 7 hrs and 14 mins
  • Unabridged Audiobook

Publisher's Summary

From the #1 New York Times best-selling author of The Big Short, Liar’s Poker and The Blind Side!
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.
The trademark of Michael Lewis’s best sellers is to tell an important and complex story through characters so outsized and outrageously weird that you’d think they have to be invented. (You’d be wrong.) In Boomerang, we meet a brilliant monk who has figured out how to game Greek capitalism to save his failing monastery; a cod fisherman who, with three days’ training, becomes a currency trader for an Icelandic bank; and an Irish real estate developer so outraged by the collapse of his business that he drives across the country to attack the Irish Parliament with his earth-moving equipment.
Lewis’s investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American listener to a comfortable complacency: Oh, those foolish foreigners. But when Lewis turns a merciless eye on California and Washington DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.

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What the Critics Say

“No one writes with more narrative panache about money and finance than Lewis.” (Michiko Kakutani, New York Times)

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Customer Reviews

Most Helpful

Informative and Interesting but Shallow

I learned a lot listening to this book, but everything I learned felt grossly simplified. Lewis has latched onto these defining aspects of national character as his framework for the book, and I think he very often overplays them. The generalizations and pop-psych cultural studies sometimes fly a little thick and obscure the more interesting points, which I found distracting. But overall, it's worth a listen.
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- Amazon Customer "Ricko"

If you only listen to one Michael Lewis book...

make it The Big Short, not this one. I love Lewis, but I'm giving this 3 stars. If it were someone else, I'd probably give it 4, but this just felt not up to Lewis' standards. When I finished TBS, I was talking about it for days, and by the time I'd convinced my friends to read it, they were complaining that I'd already told them a lot of the best stories because I just couldn't resist. This book was enjoyable, but it just didn't capture my excitement the way other Michael Lewis books have. Uncharacteristically, there were parts that just felt like filler. The story of the Greek monks comes to mind.

My biggest straight complaint is that Lewis really pushes the position that public workers unions are responsible for state and local governments' budget challenges, but he doesn't give much evidence that this is the case. To be sure, he may be right, but all he gives are anecdotes, like California paying a prison psychologist $800,000 a year. Yes, states and cities are in financial trouble, and yes, public workers and pensions are their biggest expense. But it takes more to say that it's the unions' fault. I'm personally disinclined to believe that it's unions' fault, but I respect Lewis, and I was willing to hear him out, he just didn't present much solid evidence. Maybe the story in the US is more technical and involved, or maybe my standards are higher because I'm more connected to it, but I felt like the sections on Greece and Ireland were much more convincing. At the same time, those stories are also pretty well hashed out by this point. The section on Germany was more original, but I'm hard pressed to say exactly what its conclusion was, except that Germans like poop.

So yeah, it's a good listen, but not a must listen, and definitely listen to The Big Short first. If you're a Michael Lewis fan, prepare to be disappointed.
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- D. Martin

Book Details

  • Release Date: 10-03-2011
  • Publisher: Simon & Schuster Audio